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fair market value - 4 dictionary results
fair market value  
n.  The price, as of a commodity or service, at which both buyers and sellers agree to do business.
Main Entry:  fair market value
Part of Speech:  n
Definition:  See fair-market value

fair market value

The price at which a buyer and a seller willingly consummate a trade.


Main Entry: fair market value
Function: noun
: a price at which buyers and sellers both having reasonable knowledge of the property and being under no compulsion are willing to do business
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